The law of descent prevents the establishment of wealthy families; but it does not prevent the existence of wealthy individuals.
 Alexis de Tocqueville, Democracy in America (1840). copy citation

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Author Alexis de Tocqueville
Source Democracy in America
Topic existence law
Date 1840
Language English
Reference
Note Translated by Henry Reeve
Weblink http://www.gutenberg.org/files/816/816-h/816-h.htm

Context

“The legislature, it is true, no longer grants privileges, but they are bestowed by nature. As natural inequality is very great, fortunes become unequal as soon as every man exerts all his faculties to get rich. The law of descent prevents the establishment of wealthy families; but it does not prevent the existence of wealthy individuals. It constantly brings back the members of the community to a common level, from which they as constantly escape: and the inequality of fortunes augments in proportion as knowledge is diffused and liberty increased.” source